Donald Yacktman’s Top Stock Picks: PepsiCo, Inc. (PEP), Twenty-First Century Fox Inc (FOXA) & More

Yacktman Asset Management, led by Donald Yacktman focuses on value-priced equities. In his 13F filing he has revealed his holdings for the fourth ended December 2013. There was a surge in the portfolio value to $24.51 billion from $22.42 billion as at the end of September 2013. There were some minor tweaks in the portfolio; overall the fund has been keen on the same group of stocks, which represents the top 10 positions in the fund’s portfolio.

Donald Yacktman

First on our list is the mega-cap food and beverage company, PepsiCo, Inc. (NYSE:PEP) that moved to the top position, in terms of value, from the second spot in the previous quarter. The holdings increased to 31.90 million shares from 27.94 million held in the previous quarter. The current holding is worth $2.65 billion. Donald had earlier in the third quarter raised his holdings in the stock by 22%.

Trian Partners, managed by Nelson Peltz is another large shareholder, and has 12.27 million shares in its portfolio followed by Ken Fisher’s Fisher Asset Management, which has 8.11 million shares.

Coming in second in terms of value is Twenty-First Century Fox Inc (NASDAQ:FOXA), a $72 billion market cap global media and entertainment company. Twenty-First lost its first spot in Donald Yacktman’s equity portfolio held in the third quarter. Currently the fund owns 62.37 million shares, worth $2.19 billion.

Of all the hedge funds we track, Childrens Investment Fund, managed by Chris Hohn is the largest shareholder of with 42.1% of its equity portfolio invested in Twenty-First, the fund had initiated a position in the company in the third quarter of 2013. William Duhamel’s Route One Investment Company, is another hedge fund, which owned 2.81 million shares of Twenty-First in the latest round of 13F filings.

The company occupying the third spot in this list was the most active in terms of insiders selling. The Procter & Gamble Company (NYSE:PG), the large-cap consumer packaged goods company. The fund amasses 25.81 million shares with a reported value of $2.10 million. However the value of the holdings has increased from $1.9 million, which is more in comparison to the quantity, which is slightly boosted from 25.11 million shares held in the third quarter.

A couple of months ago, the stock has seen a quiet of lot of selling from its insiders. Notable amongst them were  Werner Geissler, Ciserani Giovanni, Filippo Passerini and Riant Martin who trimmed their holdings in the stock.

In the third place in the list is The Coca-Cola Company (NYSE:KO), which also moved up one position. The stake has been upped to 43.24 million shares from 39.82 million shares held earlier. However the value of the holding has only increased to $1.79 billion from $1.51 billion.

Recently, John Brian Smith, an insider sliced his position by 50,000 shares, and now has 33,126 shares.

Last – but not least – is Cisco Systems, Inc. (NASDAQ:CSCO) which jumped to the fifth spot overtaking Microsoft Corporation (NASDAQ:MSFT). The fund has significantly upped its holding to 62.46 million shares from 50.27 million shares. The value of the current holding is $1.40 billion. Yacktman Asset Management is the largest shareholder of Cisco Systems among all the hedge funds we track.

Various insiders, have edged down their stake in the company in the past couple of months, amongst them are Wim Elfrink, Charles Robbins, D Mark Chandler and Pankaj Patel.

Disclosure: none

Recommended reading:

Hedge Fund News: Carl Icahn, Warren Buffett & Wilbur Ross

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Tocqueville Asset Management’s Top 5 Stock Picks

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